Santo Mining Corp (SANP)

[spike007]

Big brother ...

1. This is a penny stock and naturally penny stocks come with elevated risks. We say time and time again to be careful, especially with a play like this because we can assure you that the SEC takes a much closer look at all penny stocks purporting to be involved in cryptocurrency in any way because of the many scams that have been taking place regarding them.

2. This is a penny stock reverse merger play with a company based in China. Penny stocks are already risky as it is but now you're further compounding that risk by this being a reverse merger play that in effect circumvents some of the rules established by the SEC for regular mergers, and then you further compound that risk by this being an overseas entity. Does this mean it is automatically a scam? No and this could very well see significant gains if these companies operate fully above board but as always exercise caution.

3. The key factor within this release centers around Bitcoin/Cryptocurrency and unfortunately cryptocurrency scams have become one of the favorite’s of today's scammers in efforts to separate people from their money and the SEC is keeping a very close eye on all things involving publicly traded companies and Bitcoin and it would be a shame to sink your money into a play that could potentially be halted if things go awry. If SANP and Canoe Pool are entirely above board, the negative mentioned likely would not factor, which would leave room for some more solid growth, so just be sure to watch closely, as this story continues to unfold.

http://www.pennystockdream.com/blog/santo-mining-corp-otcmktssanp-closed-up-13333-after-bitcoin-related-merger-announcement